National Payments Corporation of India (NPCI) marks 10 years of Unified Payments Interface (UPI)

Key facts

• The Unified Payments Interface (UPI) was launched in April 2016 by the National Payments Corporation of India (NPCI) under the regulatory ambit of the Reserve Bank of India (RBI).
• UPI annual transaction volume increased from 2 crore in FY17 to over 24,000 crore in FY26.
• Annual transaction value grew from ₹0.07 lakh crore in FY17 to ₹314 lakh crore in FY26.
• Nearly 86% of person-to-merchant transactions on UPI are below ₹500.
• UPI processes an average of 66 crore transactions daily, with peak monthly volumes exceeding 2,200 crore.
• The number of participating banks expanded from 21 at launch to over 700 banks.
• UPI accounts for nearly 49% of global real-time payment transactions by volume.
• UPI is operational in Singapore, the United Arab Emirates (UAE), Bhutan, Nepal, and France.
• The UPI-PayNow linkage enables seamless international transfers.
• UPI is integrated with the JAM trinity, consisting of Jan Dhan, Aadhaar, and Mobile.